BlackRock Discloses 6.1% Stake in 1-800-FLOWERS.COM
Ticker: FLWS · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1084869
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns 6.1% of 1-800-FLOWERS.COM, a solid institutional endorsement.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of 4,000,000 shares of 1-800-FLOWERS.COM, Inc. Class A Common Stock as of December 31, 2023. This represents a 6.1% passive ownership stake in the company. This matters to investors because BlackRock, a major institutional investor, maintains a significant position in the company, signaling continued confidence in its long-term prospects, even if the percentage ownership has slightly changed from previous filings.
Why It Matters
This filing shows that a major institutional investor, BlackRock, continues to hold a substantial passive stake in 1-800-FLOWERS.COM, which can be seen as a vote of confidence in the company's stability and future performance.
Risk Assessment
Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and risk for other shareholders.
Analyst Insight
A smart investor would note BlackRock's continued, stable institutional ownership as a positive signal for 1-800-FLOWERS.COM Inc., suggesting long-term confidence, but should also research the company's fundamentals and recent performance before making any investment decisions.
Key Numbers
- 4,000,000 — Shares Beneficially Owned (This is the total number of Class A Common Stock shares of 1-800-FLOWERS.COM Inc. that BlackRock Inc. beneficially owns as of December 31, 2023.)
- 6.1% — Percentage of Class A Common Stock (This represents BlackRock Inc.'s ownership stake in 1-800-FLOWERS.COM Inc. as of December 31, 2023, indicating a significant institutional holding.)
- December 31, 2023 — Reporting Date (This is the specific date for which the ownership data is being reported, providing a clear snapshot of BlackRock's position at year-end.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- 1 800 FLOWERS COM INC (company) — the subject company whose securities are being reported
- 4,000,000 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 6.1% (dollar_amount) — percentage of Class A Common Stock owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in 1-800-FLOWERS.COM Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
- The continued institutional ownership by BlackRock will contribute to the stability of 1-800-FLOWERS.COM Inc.'s stock price. (1-800-FLOWERS.COM Inc.) — medium confidence, target: June 30, 2024
FAQ
What is the purpose of this SC 13G/A filing by BlackRock Inc. regarding 1-800-FLOWERS.COM Inc.?
This SC 13G/A is an amendment filed by BlackRock Inc. to report its beneficial ownership of Class A Common Stock in 1-800-FLOWERS.COM Inc. as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.
How many shares of 1-800-FLOWERS.COM Inc. Class A Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 4,000,000 shares of 1-800-FLOWERS.COM Inc. Class A Common Stock, as stated on the cover page of the filing.
What percentage of 1-800-FLOWERS.COM Inc.'s Class A Common Stock does BlackRock Inc.'s ownership represent?
BlackRock Inc.'s ownership represents 6.1% of the Class A Common Stock of 1-800-FLOWERS.COM Inc., as detailed on the cover page of the SC 13G/A.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding 1 800 FLOWERS COM INC (FLWS).